Golden Resources Development International (HKSE:00677) Interest Coverage : 1.69 (As of Sep. 2024)

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What is Golden Resources Development International Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Golden Resources Development International's Operating Income for the six months ended in Sep. 2024 was HK$32 Mil. Golden Resources Development International's Interest Expense for the six months ended in Sep. 2024 was HK$-19 Mil. Golden Resources Development International's interest coverage for the quarter that ended in Sep. 2024 was 1.69. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Golden Resources Development International's Interest Coverage or its related term are showing as below:

HKSE:00677' s Interest Coverage Range Over the Past 10 Years
Min: 0.4 Med: 66.72 Max: 11368
Current: 2.3

HKSE:00677's Interest Coverage is ranked worse than
83.72% of 258 companies
in the Retail - Defensive industry
Industry Median: 8.62 vs HKSE:00677: 2.30

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Golden Resources Development International Interest Coverage Historical Data

The historical data trend for Golden Resources Development International's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Golden Resources Development International Interest Coverage Chart

Golden Resources Development International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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2.44

1.94

0.40

4.88

2.94

Golden Resources Development International Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial															6.15	3.77	2.95	2.94	1.69

Competitive Comparison of Golden Resources Development International's Interest Coverage

For the Food Distribution subindustry, Golden Resources Development International's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Golden Resources Development International's Interest Coverage Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Golden Resources Development International's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Golden Resources Development International's Interest Coverage falls into.

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Golden Resources Development International Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Golden Resources Development International's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Golden Resources Development International's Interest Expense was HK$-34 Mil. Its Operating Income was HK$101 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$294 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	100.584	/	-34.182
	=	2.94

Golden Resources Development International's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the six months ended in Sep. 2024, Golden Resources Development International's Interest Expense was HK$-19 Mil. Its Operating Income was HK$32 Mil. And its Long-Term Debt & Capital Lease Obligation was HK$310 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	31.854	/	-18.857
	=	1.69

The higher the ratio, the stronger the company's Financial Strength is.

Golden Resources Development International (HKSE:00677) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Golden Resources Development International Interest Coverage Related Terms

Thank you for viewing the detailed overview of Golden Resources Development International's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Resources Development International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Golden Resources Development International Ltd (HKSE:00677) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 218 Jaffe Road, 29th Floor, Golden Resources Centre, Wan Chai, Hong Kong, HKG

Website

http://www.grdil.com

Golden Resources Development International Ltd is an investment holding company. The company is engaged in the business of sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice and food products, convenience store operation, packaging materials operation, securities investment, property investment retailtainment and investment holding. The company's operating segment includes Convenience store operation; Food operation; Packaging materials operation; Securities investment; Property investment; Retailtainment; and Corporate and others. It generates maximum revenue from the Convenience store operation segment. Geographically, it derives a majority of revenue from Vietnam and also has a presence in Hong Kong and Mainland China and Other regions.

Executives

Lam Sai Mann

2201 Interest of corporation controlled by you

Golden Resources Development International Headlines

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